Cree expects revenues in fiscal 2010 to reach $850 million
Bob Pollock, senior vice president of global sales of CREE, a global leader in high-power LED chips, revealed that Cree’s revenue for the fiscal year 2010 (from July 1, 2009 to June 30, 2010) is expected to reach $850 million. Two-thirds of the sales revenue comes from Asia, and China's LED lighting market is an important factor in Career's revenue growth.
In late April, Cree announced the third quarter of 2010 (January-March) earnings report, the third quarter of the company's revenue of 234.1 million US dollars, an increase of 78%. At that time, Cree estimated that revenue in the fourth quarter will reach a record high, reaching 2.55-2.65 billion US dollars.
Bob Pollock said that this year's Cree LED chip shipments increased by 100% year-on-year. Hao Rui is also transforming from LED chip manufacturing to LED device manufacturing. Last year, Cree invested in LED packaging factory in Huizhou, which is the transformation of Cree. One of the steps.
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